Exile Resources Inc.

Exile Resources Inc.

April 23, 2007 14:38 ET

Exile Resources Inc. Announces Grant of Stock Options

TORONTO, ONTARIO--(CCNMatthews - April 23, 2007) - Exile Resources Inc. (TSX VENTURE:ERI) announces today that it has granted an aggregate of 500,000 stock options to certain of its officers and directors, each such option entitling the holder thereof to acquire one common share of the Company at an exercise price of $0.25 until April 23, 2012. These stock options and any common shares issuable thereunder shall be subject to a regulatory hold period expiring August 24, 2007.

About Exile Resources Inc.

Exile Resources Inc. is an oil and gas exploration company with interests in the Akepo Oilfield in the shallow water Niger Delta, Nigeria, and in the Brazeau River Project, located 160 km southwest of Edmonton, Alberta. The company is also pursuing additional oil and gas exploration and development opportunities in Africa. Please visit the company's website for further information: www.exileresources.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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